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The recipient of a taxable stock dividend includes the value of the stock received in gross income and that amount becomes the basis for the stock received.
Q13: In December 2016, Max, a cash-basis taxpayer,
Q25: Chen had the following capital asset
Q31: Ben is a well-known professional football quarterback.
Q37: Mae Li is beneficiary of a $70,000
Q46: Becky wins a car and furniture on
Q74: In 2016, Richard, a single taxpayer, has
Q98: Bob's income can vary widely from year-to-year
Q110: A taxpayer reports capital gains and losses
Q129: Itemized deductions are deductions for AGI.
Q145: Anita, who is divorced, maintains a home